Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsThird Party rights not to be prejudiced
| 25. The transfer to the Bureau of the property, rights and liabilities of the Department of Geological Survey, other than those excluded by the agreement referred to in subsection (2) of section 22, shall not in any way be deemed to affect prejudicially the rights of a third party to any contract or agreement subsisting between such third party and the Department of Geological Survey on the day immediately preceding the transfer date and every such contract or agreement shall be valid and enforceable for, or against the Bureau after the transfer date as though every reference in every such contract or agreement to the Department of Geological Survey were a reference to the Bureau. |